$1,175,000

105 W 3rd Avenue

Osceola Twp WI, 54020

Description

ONCE IN A LIFETIME OPPORTUNITY TO OWN THIS FIRE-PROOF BUILT HISTORIC 20-UNIT BUILDING! ONCE THE HOTEL OSCEOLA, NOW A RENOVATED MARKET RATE APARTMENT COMPLEX. CURRENT AVERAGE IN PLACE RENTS OF $662 W/ HUGE POTENTIAL TO INCREASE RENTS TO MARKET $775 PER UNIT. STEAM BOILER WAS REPLACED IN 2009, HALF OF THE WINDOWS REPLACED IN 2010. 12 OF THE 20 UNITS HAVE BEEN RENOVATED TO MARKET STANDARDS. TWO OF THE REMAINING EIGHT APTS. NOT RENOVATED ARE GOING THROUGH A COMPLETE DEMO/RENOVATION SET TO BE COMPLETED BEFORE A POTENTIAL CLOSING IN EALRY SPRING. SELLER'S MOTIVATION IN SELLING IS A 1031 TAX EXCHANGE. SEE MARKETING PACKET FOR MORE DETAILS.

Details

MLS#5347121
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1917
Days On Site283

Features

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Area Information
StateWI
CountyPolk
CityOsceola Twp
Zip Code54020
Listing VS Median (in 54020)
Price:
$1,175,000
low | high
Med:
$28,950
100% of Average
On Site:
283
low | high
Med:
111.5
100% of Average
Listing Updated: 09/10/2020
Mary Yacoub LogoMLS Number: 5347121
Listing Provided By:
Mary Yacoub  of  Keller Williams Rlty Integrity*

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